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Reuters Japan corporate survey:

That 7% on wage rises is troubling for the Bank of Japan’s inflation goal – the Bank is relying on faster wage growth to propel demand-driven inflation.

Reuters converting the sentiment amongst most firms:

  • “I’m afraid there are many mid-sized and small companies
    that just can’t make ends meet if they implement wage hikes that
    keep pace with inflation,” a manager at a wholesale company
    wrote.
    Half said the goal was not attainable while 43% said it was
    hard to tell.

USD/JPY update, not a lot of movement:



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